Newwave Commosale Limited
About Newwave Commosale Limited
Data last updated:
Newwave Commosale Limited was a public limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the brokerage services segment of the financial services sector. It was incorporated on 10 November 2010.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U74999WB2010PLC154572. Its GSTIN is 19AADCN4498B1ZB (West Bengal).
The company had an authorised share capital of ₹19 Lakh and a paid-up capital of ₹18.65 Lakh. It was formerly known as Newwave Commosale Private Limited. It was led by directors including Sushma Jaiswal and Nitin Mundhra.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 18 Rabindra Sarani 5th Floor Room No – 513 Poddar Court Gate No – 2, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.3 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹94.83 Lakh (net margin 41.2%) and EBITDA of ₹1.04 Cr (EBITDA margin 45.2%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 113% over five years.
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
CIN history
Newwave Commosale has one previous CIN (Corporate Identification Number): U74999WB2010PTC154572. The current CIN is U74999WB2010PLC154572, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999WB2010PLC154572 | Current |
| U74999WB2010PTC154572 | Previous |
Contact details
Newwave Commosale Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address18 Rabindra Sarani 5th Floor Room No – 513 Poddar Court Gate No – 2, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Brokerage Services
To see the full contact details of Newwave Commosale Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Newwave Commosale is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Newwave Commosale Limited, buy the company report.
Financials of Newwave Commosale Limited
FY 2023 filings availableNewwave Commosale Limited reported revenue of ₹2.3 Cr (up 401% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 113% over five years, including 401% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹1.04 Cr | ||||
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| Net Profit (PAT) | ₹94.83 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 45.2% | ||||
| Net Profit Margin | 41.2% | ||||
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To see the full financial statements and ratios of Newwave Commosale Limited, buy the company report.
Board of directors of Newwave Commosale Limited
Newwave Commosale has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushma Jaiswal | Director | 07 Nov 2020 | 5 Years 11 Months | As last reported |
| Nitin Mundhra | Director | 07 Aug 2015 | 11 Years 2 Months | As last reported |
| Kanak Kumar Oswal Also directs: Shailja Jewellers Private Limited | Director | 07 Nov 2020 | 5 Years 11 Months | As last reported |
Auditor
Newwave Commosale Limited is audited by Megha Murarka & Associates for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Megha Murarka & Associates | FY 2016 | 305523 |
Shareholding
The shareholding of Newwave Commosale Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Newwave Commosale Limited, buy the company report.
Legal cases
Newwave Commosale Limited has 2 court cases on record: 2 filed by Newwave Commosale. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Kolkata | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Kolkata | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Newwave Commosale Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Newwave Commosale Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Newwave Commosale has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCN4498B1ZB | West Bengal | Active | 29 Jun 2018 |
To see the full GST registrations and return filing status of Newwave Commosale Limited, buy the company report.
Recent activity
Newwave Commosale Limited has 11 board changes on record since 2011: 3 appointments and 8 cessations. The latest: Rakhi Dutta ceased to be Director on 07 Dec 2020.
2 earlier events are in the company report.
Frequently asked questions
Newwave Commosale has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Newwave Commosale was a public limited company based in Kolkata, West Bengal, India. The company worked in brokerage services, within the financial services industry. It was incorporated on 10 November 2010 and is registered under CIN U74999WB2010PLC154572. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Newwave Commosale was incorporated on 10 November 2010. It is registered with the Registrar of Companies, Kolkata.
Newwave Commosale had 3 directors:
- Sushma Jaiswal - Director
- Nitin Mundhra - Director
- Kanak Kumar Oswal - Director
The CIN (Corporate Identification Number) of Newwave Commosale is U74999WB2010PLC154572. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Newwave Commosale is at 18 Rabindra Sarani 5th Floor Room No – 513 Poddar Court Gate No – 2, Kolkata, West Bengal, India – 700001.
The latest financial statements of Newwave Commosale on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Newwave Commosale is 19AADCN4498B1ZB, registered in West Bengal.
Newwave Commosale operated in the financial services industry, in the brokerage services segment.
Newwave Commosale has 2 court cases on record: 2 filed by the company.